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The highest rate, paid on the top bracket of your income, is called your marginal tax rate. That's not to be confused with your effective tax rate, which is the average percentage of your income that you pay in taxes. Does it sound complex and confusing? That's because it is — whic...
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Stationary point of a function is a point where the derivative of a function is equal to zero and can be a minimum, maximum, or a point of inflection